As prices fall, Chinese developers still hungry for growth

China’s property developers are still building. That is bad news for house prices, but it should be reassurance on the outlook for growth. Real-estate investment is a major chunk of China’s gross domestic product. In 2011, the International Monetary Fund estimated its contribution was 12%.
That number goes even higher if upstream industries like steel and cement and downstream sectors like appliances and consumer durables are factored in………………………………………..Full Article: Source